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<br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: <br /> <br />Pine River Canal Company <br /> <br />l'rojecl j'I.,'ame: <br /> <br />Tunnel Hill Project <br /> <br />Project Type: Rehabilitation <br /> <br />Count)': <br /> <br />La Plata <br /> <br />Drainage Basin: San Juan <br /> <br />\Vater Source: Pine River <br /> <br />Total Project Cost: <br /> <br />5325,550 <br /> <br />Funding Sources: Company and eWCB <br /> <br />T)'pe of Borrower: <br /> <br />Agricultural <br /> <br />Median Household Income: N/A <br /> <br />eWCB Loan: <br /> <br />5243,700 <br /> <br />Interesl Rate: 3.50% <br /> <br />Te...m: 20 years <br /> <br />Annual Volume o(Waler delinred: 71,400 acre-feet <br /> <br />The Pine River Canal Company tunnel hill project is located 8 miles southeast of Ignacio. adjacent to State <br />Highway 151. The Company operates the canal and supplies water to 215 shareholders for irrigation within <br />the I3.377-acre service area. The tunnel is in poor condition and the Company plans to replace It With a <br />new pipeline SUUcture in 1999. The average annual volume diverted is 53.000 acre.feet The Pine River <br />Canal Company is a mutual ditch company and a nonprofit corporation registered in the State of Colorado. <br />Gary Jenmngs of the La Plal41 County NRCS has drafted the feasibility study. Proposed funding for the <br />project consists of a CWCB loan for 5243,700. a grant in amount of $26,550 from the Natural Resources <br />Conservation Sm;ce. and 556.282 from the Company. <br /> <br /> <br />Location Map <br />